The expected increase never came, but the hard evidence for $BNB was already right there—the moving averages are still acting as resistance, and the rebound hasn’t managed to turn the structure around. Look: both the four-hour and one-hour charts are below the moving averages. Selling pressure hasn’t let up, and short-term momentum is also tilted to the downside. This rebound looks more like room for the bears to act than the start of a trend reversal.
The key focus is the resistance zone above. As long as the price returns there without volume backing it up, a move lower is more likely. Do you think this rebound can hold? I’m more inclined to treat it as an opportunity to trade with the trend.
🔴 Trade direction: Short
📍 Entry range: 693.216 – 694.092
🛑 Stop-loss: 702.074
🎯 Take profit 1: 687.339
🎯 Take profit 2: 683.128
🎯 Take profit 3: 676.812
There’s no need to chase the wind; it will settle on its own.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#BNB
Click below to trade 👇
The key focus is the resistance zone above. As long as the price returns there without volume backing it up, a move lower is more likely. Do you think this rebound can hold? I’m more inclined to treat it as an opportunity to trade with the trend.
🔴 Trade direction: Short
📍 Entry range: 693.216 – 694.092
🛑 Stop-loss: 702.074
🎯 Take profit 1: 687.339
🎯 Take profit 2: 683.128
🎯 Take profit 3: 676.812
There’s no need to chase the wind; it will settle on its own.
Stand shoulder to shoulder with Sister Li, and let every moment resonate.
#BNB
Click below to trade 👇